Car crap

[judecorp]

So the Nissan dude finally got back to me and said that they aren't getting any new cars for the rest of the month and said we'd have to wait. I told him we couldn't wait that long and he said he would get back to me. So I'm starting to think the Versa is a bust. We can try to call a couple of other dealers but no one seems to have them and we can't wait a month for a car. So frustrating. I hope they don't give us a hard time when we go get our deposit back.

We're in the process of househunting and honestly, I don't know how people can afford to buy houses. We're actually looking at cheap houses (for New England) and the monthly payments, with taxes, will be pretty close to what we're paying now, probably. I thought we were moving to SAVE money. Argh. So now Jen will be making less money and we'll have more expenses. Hopefully I won't be taking a pay cut, too, or I'll be working two jobs and the babymaking will go out the window. Phooey.

I'm sure this is just stress talking but right now I just think that I was foolish to think that things were starting to work out. Bleh. We need a car and a place to live, STAT!

p.s. I'm glad that House and SVU are back into new episodes.

Comments

[charlwoo.livejournal.com]

I've been doing a lot of research and thinking about the affordability and availability of real estate for the past year. After all the math is done, I would have to be able to find a place in the Boston area for between $240-280k just to BREAK EVEN on my expenses every month. By that, I mean that I would be throwing away the same amount of money renting as I would owning. I'm building more equity socking money away in a high yield MMA and renting right now! This is an insane real estate market.
Just looking through Craig's List, it looks like a single family home would have to sell for around 200k just to break even on the costs for renting a similar home out in western mass.
Although it's not a buyer's market yet -- it's really a stagnant market, where sellers haven't dropped their prices significantly and the buyers are few and far between -- I think we are due for a major price correction in housing over the next two years. I'm going to delay buying property just a little longer and will wait for prices to fall through the floor.
OTOH, and you've probably already thought about this, you could get something affordable now or soon, by submitting lowball offers or by looking into foreclosures. Foreclosure rates are exploding, and I think we're only going to see more in the next two years as ARMs reset and the economy slides into a recession. If the Fed keeps raising interest rates, especially, we'll see ARM and IO loan holders choke on the payment increases more frequently, causing even more foreclosures to be available. We are living in interesting times.

[judecorp.livejournal.com]

Dude, I would never in a million years consider buying anything in the Boston area. It scares the living bejeezus out of me.